Over the years, About.com has offered some great articles and spectacular advice. As things stand now, it looks like they are going to be reaping the rewards from their efforts at they join the S&P 500.
SAN FRANCISCO // Google Inc. plans to sell an additional 5.3 million shares of its prized stock, hoping to raise more than $2 billion to finance its ambitious plan to expand beyond its Internet-leading search engine.
The move comes just two days before Google’s closely watched stock will be added to the Standard & Poor’s 500 index – a breakthrough that snapped the company’s shares out of a recent funk.
In a Securities and Exchange Commission filing late yesterday, Google said it expects to sell the 5.3 million shares primarily to index funds that must own a stake in the company because of its incorporation in the S&P 500. Google’s market value has climbed by more than 15 percent since Standard & Poor’s said it would include the company’s stock in the blue-chip bellwether. Source: Baltimore Sun
[tags]standard & poor,securities and exchange commission,s&p 500,index funds,blue-chip[/tags]